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>>U.S. Senator Chooses Bitcoin Over Gold, Hinting at a New Direction in Crypto Policy

U.S. Senator Chooses Bitcoin Over Gold, Hinting at a New Direction in Crypto Policy

crypthub

about 15 hours ago

Senator Moreno's Stance

Senator Bernie Moreno told CNBC he would invest spare cash in Bitcoin instead of gold, though he doesn’t own crypto now. He acknowledged Bitcoin’s volatility but framed it as a long‑term store of value. The remark signals a rare pro‑crypto signal from a sitting senator amid regulatory debates.

Crypto Impact on Treasury

Moreno says stablecoins could raise demand for U.S. Treasuries because issuers must hold dollar reserves, often in short‑term bonds. Stablecoin reserves now total about $130 billion, 70‑80 % in Treasuries, and could grow to $500 billion in three years. Economists estimate this could cut borrowing costs by tens of billions annually.

Global Regulatory Race

The EU, UK, Singapore and UAE have adopted clear crypto rules, drawing firms overseas. U.S. crypto activity fell from 42 % to 28 % of global volume, sparking warnings that innovation may shift abroad. Bipartisan bills now in Congress aim to unify the fragmented U.S. regulatory framework.